Industries - Ablation Technology Market Analysis by Product (Radiofrequency, Laser, Electrical, Ultrasound, Cryotherapy Ablators), by Technology (Radiofrequency, Laser, Electrical, Ultrasound, Microwave, Hydrothermal), by Application (Cardiovascular, Pain Management, Cancer, Orthopedic), and by Region – Forecast to 2025

Ablation Technology Market Analysis

Ablation Technology Market Analysis by Product (Radiofrequency, Laser, Electrical, Ultrasound, Cryotherapy Ablators), by Technology (Radiofrequency, Laser, Electrical, Ultrasound, Microwave, Hydrothermal), by Application (Cardiovascular, Pain Management, Cancer, Orthopedic), and by Region – Forecast to 2025
October 2020

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Ablation Technology Market Analysis by Product (Radiofrequency, Laser, Electrical, Ultrasound, Cryotherapy Ablators), by Technology (Radiofrequency, Laser, Electrical, Ultrasound, Microwave, Hydrothermal), by Application (Cardiovascular, Pain Management, Cancer, Orthopedic), and by Region – Forecast to 2025

Published: October 2020 | Historical Data: 2017-2019 | Base Year: 2019
SKU: ICI-HC-1004 | Number of Pages: 157 | Category: Medical Device

The global ablation technology market size is estimated to be USD 3,484.9 million in 2019 and is expected to witness a CAGR of 10.5% during the forecast period. The increasing prevalence of chronic diseases including cancer & cardiovascular diseases, introduction of advanced ablation technologies & products, and rising number of ablation procedures are major factors that propel the global market growth. However, high cost of these products and recycling of these devices in emerging economies are expected to hinder the growth.

Ablation Technology Market

By Product

Based on product, the market is categorized into radiofrequency, ultrasound, electrical, laser/light, microwave, hydrothermal ablators, and cryoablation devices. In 2019, the radiofrequency ablators accounted for the highest revenue share due to its high adoption by hospitals. The microwave ablators segment is estimated to grow at the fastest CAGR during the forecast period owing to its high success rate for cancer treatment and technological advancement.

By Technology

Based on technology, the market is segmented into radiofrequency, ultrasound, electrical, laser/light, cryoablation, hydrothermal, and microwave. In 2019, the radiofrequency segment accounted for the largest revenue share owing to reduced prices of radiofrequency ablation technology as compared to other technologies coupled with its high safety, reliability, and shorter procedural time for the cancer therapy, atrial fibrillation, and pain management. The microwave segment is projected to grow at a lucrative CAGR during the forecast period.

By Application

On the basis of application, the market is categorized into cancer, cardiovascular diseases, ophthalmology, pain management, cosmetic surgeries, urology, orthopedic, gynecology, and others. In the global market, the cardiovascular disease segment is accounted for the largest revenue share in 2019 owing to the increasing prevalence of atrial fibrillation and the development of advanced technologies. The cancer segment is expected to showcase the highest CAGR during the forecast period.

Regional Insights

North America was the highest revenue-grossing segment of the global market in 2019 and is projected to maintain its dominance during the forecast period.  This is due to the high adoption of less invasive ablation technologies and the rapidly increasing geriatric population in this region. The Asia Pacific is estimated to grow at the fastest growth rate during the forecast period owing to the large geriatric population base, expansion of business in this region by leading companies, and rising prevalence of chronic diseases including cardiovascular diseases and cancer.

North America Ablation Technology Market Size (2017-2025), USD Million

North America Ablation Technology Market

Competitor Insights

Some of the major companies in the ablation technology market are Medtronic, Inc., St. Jude Medical, Inc., Biosense Webster, Inc., Boston Scientific Corporation, AngioDynamics, Inc., CONMED Corporation, AtriCure, Inc., Olympus Corporation, and Smith & Nephew plc. Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.

 

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2017 to 2025. The ablation technology market report is categorized into the following segments and subsegments:

Ablation Technology Market, By Product (Revenue, 2017-2025, USD Million)

  • Radiofrequency Ablators
    • Fluid-cooled Radiofrequency Ablators
    • Temperature-controlled Radiofrequency Ablators
    • Robotic Catheter Manipulation Systems
  • Ultrasound Ablators
    • Magnetic Resonance-guided Focused Ultrasound (MRGFUS) Ablators
    • High-intensity Focused Ultrasound (HIFU) Ablators
    • Extracorporeal Shockwave Lithotripsy (ESWL) Systems
    • Ultrasonic Surgical Ablation Systems
  • Laser/Light Ablators
    • Excimer Laser Ablators
    • Cold Laser Ablators
  • Cryoablation Devices
    • Tissue Spray Probes
    • Tissue Contact Probes
    • Epidermal and Subcutaneous Cryoablation Devices
  • Electrical Ablators
    • Irreversible Electroporation Ablators
    • Argon Plasma/Beam Coagulators
  • Microwave Ablators
    • Microwave Thermotherapy Devices
  • Hydrothermal Ablators
    • Endometrial Hydrothermal Balloon Ablation Devices

Ablation Technology Market, By Technology (Revenue, 2017-2025, USD Million)

  • Radiofrequency
  • Electrical
  • Cryoablation
  • Laser/Light
  • Ultrasound
  • Hydrothermal
  • Microwave

Ablation Technology Market, By Application (Revenue, 2017-2025, USD Million)

  • Cardiovascular Diseases
  • Ophthalmology
  • Cancer
  • Pain Management
  • Orthopedic Treatment
  • Gynecology
  • Cosmetic Surgeries
  • Urology
  • Others

Ablation Technology Market, By Region (Revenue, 2017-2025, USD Million)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Ablation Technology Market Report:

Key Parameters Details
Data Availability 2017-2025
Historical Years 2017-2019
Base Year Considered 2019
Forecast Period 2019-2025
Company Profiles 10
Companies Considered (Across Value Chain) >45
Value Units Value in USD and CAGR in %
Market Segments Product, Technology, and Application
Regional Coverage North America (U.S. and Canada), Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, Japan, Australia, India, South Korea, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), and the Middle East & Africa (South Africa, Saudi Arabia, Rest of MEA)
Key Market Players Medtronic, Inc., St. Jude Medical, Inc., Biosense Webster, Inc., Boston Scientific Corporation, AngioDynamics, Inc., CONMED Corporation, AtriCure, Inc., Olympus Corporation, and Smith & Nephew plc
Custom Analysis Customization up to 60 analyst hours

Ablation Technology Market, By Product (Revenue, 2017-2025, USD Million)

  • Radiofrequency Ablators
    • Fluid-cooled Radiofrequency Ablators
    • Temperature-controlled Radiofrequency Ablators
    • Robotic Catheter Manipulation Systems
  • Ultrasound Ablators
    • Magnetic Resonance-guided Focused Ultrasound (MRGFUS) Ablators
    • High-intensity Focused Ultrasound (HIFU) Ablators
    • Extracorporeal Shockwave Lithotripsy (ESWL) Systems
    • Ultrasonic Surgical Ablation Systems
  • Laser/Light Ablators
    • Excimer Laser Ablators
    • Cold Laser Ablators
  • Cryoablation Devices
    • Tissue Spray Probes
    • Tissue Contact Probes
    • Epidermal and Subcutaneous Cryoablation Devices
  • Electrical Ablators
    • Irreversible Electroporation Ablators
    • Argon Plasma/Beam Coagulators
  • Microwave Ablators
    • Microwave Thermotherapy Devices
  • Hydrothermal Ablators
    • Endometrial Hydrothermal Balloon Ablation Devices

Ablation Technology Market, By Technology (Revenue, 2017-2025, USD Million)

  • Radiofrequency
  • Electrical
  • Cryoablation
  • Laser/Light
  • Ultrasound
  • Hydrothermal
  • Microwave

Ablation Technology Market, By Application (Revenue, 2017-2025, USD Million)

  • Cardiovascular Diseases
  • Ophthalmology
  • Cancer
  • Pain Management
  • Orthopedic Treatment
  • Gynecology
  • Cosmetic Surgeries
  • Urology
  • Others

Ablation Technology Market, By Region (Revenue, 2017-2025, USD Million)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA
1. Research Methodology
 1.1. Research Objective
 1.2. Study Scope: Market Segments
 1.3. Study Timeframe, Limitations & Currency
 1.4. Domain-Assisted Cognition (DAC) Framework
  1.4.1. Three-stage Research Methodology
   1.4.1.1. Understand Ecosystem
    1.4.1.1.1. Secondary Research
    1.4.1.1.2. Primary Research
    1.4.1.1.3. Internal Repository
   1.4.1.2. Synthesize Information
    1.4.1.2.1. Data Analysis
    1.4.1.2.2. Data Triangulation
   1.4.1.3. Predict/Project Growth
    1.4.1.3.1. Market Size Estimation
     1.4.1.3.1.1. Bottom-up Approach
     1.4.1.3.1.2. Top-down Approach
     1.4.1.3.2. Data Validation
  1.4.2. Two-stage Quality Check Mechanism
   1.4.2.1. Inspection & Reporting
   1.4.2.2. Quality Audit
2. Market Summary
 2.1. Market Definition & Market Landscape
 2.2. Market Segment Snapshot
 2.3. Geographic Market Snapshot
3. Market Dynamics
 3.1. Market Driver Analysis
  3.1.1. Growing burden of chronic diseases
  3.1.2. Technological advancement in ablation devices
  3.1.3. Rising number of surgical procedures
  3.1.4. Increasing demand for minimal invasive surgical procedures
 3.2. Market Restraint Analysis
  3.2.1. High cost of ablation products
  3.2.2. Product recalls
  3.2.3. Recycling of these devices in emerging economies
 3.3. Market Opportunities
  3.3.1. Increasing awareness for ablation procedures
  3.3.2. Opportunities in emerging economies
4. Industry Outlook
 4.1. Key Market Trends
 4.2. Value Chain Analysis
 4.3. Porter’s 5 Forces Analysis
 4.4. Pricing Analysis (2017-2019)
 4.5. Product Benchmarking
5. Covid-19 Impact and Deviation Analysis
 5.1. Covid-19 Prevalence Analysis
 5.2. Key Market Trends
 5.3. Market Size Deviation Analysis (2020-2025)
6. Ablation Technology Market Size and Forecast, by Product (2017-2025), USD Million
 6.1. Radiofrequency Ablators
  6.1.1. Fluid-cooled Radiofrequency Ablators
  6.1.2. Temperature-controlled Radiofrequency Ablators
  6.1.3. Robotic Catheter Manipulation Systems
 6.2. Ultrasound Ablators
  6.2.1. Magnetic Resonance-guided Focused Ultrasound (MRGFUS) Ablators
  6.2.2. High-intensity Focused Ultrasound (HIFU) Ablators
  6.2.3. Extracorporeal Shockwave Lithotripsy (ESWL) Systems
  6.2.4. Ultrasonic Surgical Ablation Systems
 6.3. Laser/Light Ablators
  6.3.1. Excimer Laser Ablators
  6.3.2. Cold Laser Ablators
 6.4. Cryoablation Devices
  6.4.1. Tissue Spray Probes
  6.4.2. Tissue Contact Probes
  6.4.3. Epidermal and Subcutaneous Cryoablation Devices
 6.5. Electrical Ablators
  6.5.1. Irreversible Electroporation Ablators
  6.5.2. Argon Plasma/Beam Coagulators
 6.6. Microwave Ablators
  6.6.1. Microwave Thermotherapy Devices
 6.7. Hydrothermal Ablators
  6.7.1. Endometrial Hydrothermal Balloon Ablation Devices
7. Ablation Technology Market Size and Forecast, by Technology (2017-2025), USD Million
 7.1. Radiofrequency
 7.2. Electrical
 7.3. Cryoablation
 7.4. Laser/Light
 7.5. Ultrasound
 7.6. Hydrothermal
 7.7. Microwave
8. Ablation Technology Market Size and Forecast, by Application (2017-2025), USD Million
 8.1. Cardiovascular Diseases
 8.2. Ophthalmology
 8.3. Cancer
 8.4. Pain Management
 8.5. Orthopedic Treatment
 8.6. Gynecology
 8.7. Cosmetic Surgeries
 8.8. Urology
 8.9. Others
9. Regional Analysis (2017-2025), USD Million
 9.1. North America
  9.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
  9.1.2. Market Size & Forecast, by Technology (2017-2025), USD Million
  9.1.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.1.4. Market Size & Forecast, by Country (2017-2025), USD Million
  9.1.5. U.S.
   9.1.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.1.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.1.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.1.6. Canada
   9.1.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.1.6.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.1.6.3. Market Size & Forecast, by Application (2017-2025), USD Million
 9.2. Europe
  9.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
  9.2.2. Market Size & Forecast, by Technology (2017-2025), USD Million
  9.2.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.4. Market Size & Forecast, by Country (2017-2025), USD Million
  9.2.5. Germany
   9.2.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.6. UK
   9.2.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.6.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.6.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.7. France
   9.2.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.7.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.7.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.8. Spain
   9.2.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.8.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.8.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.9. Italy
   9.2.9.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.9.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.9.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.10. Russia
   9.2.10.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.10.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.10.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.2.11. Rest of Europe
   9.2.11.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.2.11.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.2.11.3. Market Size & Forecast, by Application (2017-2025), USD Million
 9.3. Asia Pacific (APAC)
  9.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
  9.3.2. Market Size & Forecast, by Technology (2017-2025), USD Million
  9.3.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.4. Market Size & Forecast, by Country (2017-2025), USD Million
  9.3.5. China
   9.3.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.6. Japan
   9.3.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.6.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.6.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.7. India
   9.3.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.7.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.7.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.8. Australia
   9.3.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.8.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.8.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.9. South Korea
   9.3.9.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.9.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.9.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.3.10. Rest of Asia Pacific
   9.3.10.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.3.10.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.3.10.3. Market Size & Forecast, by Application (2017-2025), USD Million
 9.4. Latin America (LATAM)
  9.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
  9.4.2. Market Size & Forecast, by Technology (2017-2025), USD Million
  9.4.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.4.4. Market Size & Forecast, by Country (2017-2025), USD Million
  9.4.5. Brazil
   9.4.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.4.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.4.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.4.6. Mexico
   9.4.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.4.6.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.4.6.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.4.7. Argentina
   9.4.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.4.7.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.4.7.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.4.8. Rest of LATAM
   9.4.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.4.8.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.4.8.3. Market Size & Forecast, by Application (2017-2025), USD Million
 9.5. Middle East & Africa (MEA)
  9.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
  9.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
  9.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.5.4. Market Size & Forecast, by Country (2017-2025), USD Million
  9.5.5. South Africa
   9.5.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.5.5.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.5.5.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.5.6. Saudi Arabia
   9.5.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.5.6.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.5.6.3. Market Size & Forecast, by Application (2017-2025), USD Million
  9.5.7. Rest of MEA
   9.5.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   9.5.7.2. Market Size & Forecast, by Technology (2017-2025), USD Million
   9.5.7.3. Market Size & Forecast, by Application (2017-2025), USD Million
10. Competitor Analysis
 10.1. Market Player Comparison
 10.2. Product-wise Player Mapping
 10.3. Region-wise Player Mapping
 10.4. Market Share Analysis
 10.5. Market Position Analysis
 10.6. Recent Development Analysis
11. Company Profiles
 11.1. Medtronic, Inc.
  11.1.1. Company Overview
  11.1.2. Company Financials
  11.1.3. Product Portfolio
  11.1.4. Recent Developments
 11.2. St. Jude Medical, Inc.
  11.2.1. Company Overview
  11.2.2. Company Financials
  11.2.3. Product Portfolio
  11.2.4. Recent Developments
 11.3. Biosense Webster, Inc.
  11.3.1. Company Overview
  11.3.2. Company Financials
  11.3.3. Product Portfolio
  11.3.4. Recent Developments
 11.4. Boston Scientific Corporation
  11.4.1. Company Overview
  11.4.2. Company Financials
  11.4.3. Product Portfolio
  11.4.4. Recent Developments
 11.5. AngioDynamics, Inc.
  11.5.1. Company Overview
  11.5.2. Company Financials
  11.5.3. Product Portfolio
  11.5.4. Recent Developments
 11.6. CONMED Corporation
  11.6.1. Company Overview
  11.6.2. Company Financials
  11.6.3. Product Portfolio
  11.6.4. Recent Developments
 11.7. AtriCure, Inc.
  11.7.1. Company Overview
  11.7.2. Company Financials
  11.7.3. Product Portfolio
  11.7.4. Recent Developments
 11.8. Olympus Corporation
  11.8.1. Company Overview
  11.8.2. Company Financials
  11.8.3. Product Portfolio
  11.8.4. Recent Developments
 11.9. Smith & Nephew plc
  11.9.1. Company Overview
  11.9.2. Company Financials
  11.9.3. Product Portfolio
  11.9.4. Recent Developments

Key questions addressed by the research report-

  1. What are the current market trends and future market forecast from 2019 to 2025 for ablation technology market?
  2. What are the market dynamics and probable opportunities for market players during the forecast period?
  3. Initiatives undertaken my market players to address the COVID-19 impact to sustain in the competitive market.
  4. Which geographies have immense opportunities in different segments of the ablation technology market?
  5. What are the recent strategies adopted by market players such as product launch, partnership, agreement, collaboration, merger & acquisition, and geographical expansion?


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